Does World Uncertainty and Economic Policy Uncertainty Affect Tourism in G7 Countries? Evidence From Quantile-on-Quantile Regression

This study empirically examines the correlations between economic policy uncertainty (EPU) and world uncertainty (WU) and tourism in G7 countries. We use the quantile-on-quantile approach to explore some more subtle features between the variables and reveal asymmetric and heterogeneous relationships. The results show that the effects of EPU and WU are stronger at higher quantiles, and considerable…